Simply put, they are a bunch of followers.
Just some examples..
1.) SARS - Months before the out break, I was in Chain and I already know there's a virus in Guangzhou and the China hospital is trying to cover up, I know because I happen to know people in the Health Care Ministry and I was told in private to stay away from Guangzhou.
Too bad out World Class Gov is not sharp enough to notice Thread in the region, or they don't have much friends around. Hairdo Lim say "We have never encounter such virus before"
Yes, That's why you are paid millions to protect us.
2.) Toxic Mike Power - It is discovered by HK, What our World Class AVA do everyday? Civil Servant, what do you expect.
3.) Lehman Brothers - MAS did nothing to investigate when
reports and complain that counter staff is pushing investment products, the public did sound the warning but MAS is too busy protecting the interest of DBS, as long as it is profitable, sell.
4.) Bank Guarantee - No foresight, try to cover up by saying we have a strong system and U turn the same day to Guarantee all deposits. (But only 150B against 700B deposits)
So add all these recent cases together, the verdict is simple, They have no idea what is going on and have no idea now to solve it, just follow what others do and try to say something smart to cover their incompetence.
Since you can't vote them out, so live with it.
Just some examples..
1.) SARS - Months before the out break, I was in Chain and I already know there's a virus in Guangzhou and the China hospital is trying to cover up, I know because I happen to know people in the Health Care Ministry and I was told in private to stay away from Guangzhou.
Too bad out World Class Gov is not sharp enough to notice Thread in the region, or they don't have much friends around. Hairdo Lim say "We have never encounter such virus before"
Yes, That's why you are paid millions to protect us.
2.) Toxic Mike Power - It is discovered by HK, What our World Class AVA do everyday? Civil Servant, what do you expect.
3.) Lehman Brothers - MAS did nothing to investigate when
reports and complain that counter staff is pushing investment products, the public did sound the warning but MAS is too busy protecting the interest of DBS, as long as it is profitable, sell.
4.) Bank Guarantee - No foresight, try to cover up by saying we have a strong system and U turn the same day to Guarantee all deposits. (But only 150B against 700B deposits)
So add all these recent cases together, the verdict is simple, They have no idea what is going on and have no idea now to solve it, just follow what others do and try to say something smart to cover their incompetence.
Since you can't vote them out, so live with it.